PRU 0.18% $2.82 perseus mining limited

bull case, page-7

  1. 20,508 Posts.
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    Accaeric

    Cash and gold will be much lower now - 10-15 m IMO
    Gold hedge if sold / closed will attract tax so net will be lower
    Vat - they are in the process of monetizing which will involve selling to third part for a Discount - assume at least 25% IMO

    So actually may be more like
    Gold and cash 15 million
    Net value of gold hedge - 20 million
    Vat 30 million

    Value - 65 million

    Of course the challenge is if gold stays at the same level , next quarter the value of the above 3 may be more like 45 million

    I will disclose that I sold out - for a reasonable profit as I did not like gold falling below 1200 again
 
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